Replies to post #111930 on Savvy Trades and Investments

[wadegarret]

Value- IART

Too much debt ? I just looked at the 2023 10K. The balance sheet shows $2.1B in total debt, and $3.7B in total assets. True there is about $2B in Goodwill/Intangible assets, but they're a medical device manufacturer, so not unexpected. Also they have $575M(paying .5%/year) in senior convertible debt, due in 2025, but the conversion price is $73, and even if converted would mean less than 10% dilution. Personally I don't see many plays in this market that could produce 50%+ upside over the next six months, with little downside risk.